Newmont Raised to Market Outperform From Market Perform by Bernstein
NEM has more than doubled off its 52-week low of $41.23.
Summary
Bernstein has upgraded Newmont's rating to Market Outperform from Market Perform, simultaneously raising its price target to $157.00 per share from $121.00. This significant upgrade follows Newmont's recent 8-K and 10-K filings on February 19, which detailed strong 2025 financial results but also included weaker 2026 guidance. The new price target, substantially above the current stock price, indicates Bernstein's conviction in the company's future performance despite the recent guidance. This positive re-rating from a major investment bank is likely to boost investor confidence and could lead to upward pressure on Newmont's stock price. Traders will be watching for further analyst revisions or company updates that could confirm this positive outlook.
At the time of this announcement, NEM was trading at $127.60 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $138.7B. The 52-week trading range was $41.23 to $134.88. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.